AI firm Anthropic to commit 5% of shares to fund for ‘public good’

The story

Source: The Guardian World · NewTimes editorial text based on the source feed.

The $48bn giveaway by company, which is preparing to list on stock market, comes amid concerns about the tech Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing.

The company announced that it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval.

It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline.